Starmer warns ‘world as we knew it has gone’ as countries mull tariff responses – live updates

News Snapshot:

18m ago 09.44 BST The EU is likely to approve its first set of targeted countermeasures on up to $28bn (£21.7bn; €25bn) of US imports in the coming days, Reuters is reporting. The 27-nation bloc faces 25% import tariffs on steel and aluminium and cars and “reciprocal” tariffs of 20% from Wednesday for almost all other goods. The European Commission, which coordinates EU trade policy, will propose to members late on Monday a list of American products to hit with extra duties in response to Trump’s steel and aluminium tariffs rather than the broader reciprocal levies. It is set to...